--- title: "The Capstreet Group Announces Investment in Surgical Notes" description: "Houston, Texas, (August 8, 2019): The Capstreet Group, LLC is pleased to announce the completion of the majority recapitalization of Surgical Notes, Inc." url: https://capstreet.multisites.ai/news/the-capstreet-group-announces-investment-in-surgical-notes publisher: Capstreet phone: +1-713-332-2700 contact: https://capstreet.multisites.ai/contact --- # The Capstreet Group Announces Investment in Surgical Notes HealthcarePublished August 8, 20193 min read ![Capstreet team members at Houston Reads Day](https://capstreet.multisites.ai/_astro/houston-reads-day.DxNd9bIr_Z23gxjt.webp) \*\*Houston, Texas – \*\*(August 8, 2019): The Capstreet Group, LLC is pleased to announce the completion of the majority recapitalization of Surgical Notes, Inc. (“Surgical Notes” or the “Company”), in partnership with the founders and shareholders. Founded in 1997 and headquartered in Dallas, Texas, Surgical Notes is a healthcare solutions company that provides a comprehensive and integrated suite of products and services designed to streamline the reimbursement process, reduce administrative costs, and better manage information for US ambulatory surgical centers (“ASC”). Surgical Notes leverages its technology and industry expertise to provide an integrated suite of products that allows ASCs to be more efficient and focus on patient care. “The Capstreet team has been great to work with; they understand our business model and have a proven track record of building strong tech-enabled outsourced business service companies. With Capstreet as our partner, Surgical Notes will build on its legacy of excellent customer service, innovation and best in class technology. We will continue to focus on providing cutting edge, innovative revenue cycle solutions for the ASC industry,” said Randy Bishop. In connection with Capstreet’s investment, current President Mr. Bishop will transition to Chief Executive Officer of the Company. Neil Kallmeyer, Managing Partner with Capstreet, commented, “Randy and the rest of the Surgical Notes team have built a strong company that is well positioned for continued growth both organically and through acquisitions. We look forward to working with management in establishing a best in class outsourced solutions provider in the ASC market.” Walker Kahle, Vice President with Capstreet, added, “We look forward to working with Randy and the Surgical Notes team as they continue to develop new products and services for their customers.” Surgical Notes is the ninth investment for Capstreet IV, LP, which has $340 million of committed capital. The Capstreet team for the Surgical Notes investment also included Kevin Johnson and Rob Madorsky. Waterview Investment Banking served as the financial advisor to Surgical Notes. Willkie Farr & Gallagher LLP served as Capstreet’s legal counsel, while Polsinelli, P.C. served as Surgical Notes’ legal counsel. ## About The Capstreet Group [The Capstreet Group](https://capstreet.multisites.ai/) is a Houston, Texas based private equity firm that invests in owner-managed, lower middle market companies. Capstreet targets companies operating in the value-added distribution, industrial services and manufacturing, and business to business service sectors. Capstreet’s approach is to partner with excellent management teams to build out corporate infrastructure, accelerate growth and profitability, and create long term sustainable businesses. For more information, visit The Capstreet Group website, [www.capstreet.com](https://capstreet.multisites.ai/). ## Terms on this page - [Majority Recapitalization](https://capstreet.multisites.ai/glossary/majority-recapitalization) - [Lower Middle Market](https://capstreet.multisites.ai/glossary/lower-middle-market) - [Private Equity](https://capstreet.multisites.ai/glossary/private-equity) ## Keep reading - [Automotive technology private equity for dealer-focused companiesCapstreet invests in automotive technology businesses that help dealerships. The firm targets solutions for sales, marketing, finance and insurance, and service lane operations. It describes several recent investments in the sector and looks for owners with $3 to $15 million of EBITDA who want a majority capital partner.](https://capstreet.multisites.ai/industries/automotive) - [Business Succession and Exit Options: How to Choose the Right Next Step for Your CompanyOwners have five main exit paths: transfer to family, sell to management, sell to employees through an ESOP, sell to a strategic buyer, or partner with private equity. Each trades price, speed, control and legacy differently. Start planning at least three to five years before you want to step back.](https://capstreet.multisites.ai/business-succession-and-exit-options) - [Buy and Build Strategy: How a Platform Company Grows Through Add-On AcquisitionsA buy and build strategy starts with one well-run platform company and adds smaller businesses to it over time. The goal is a larger, more capable company than any single piece could be. It fits fragmented industries best. 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We invest across 12 industries.](https://capstreet.multisites.ai/deal-criteria) - [The due diligence checklist for owners selling to private equityDue diligence is the buyer's check of your business after you sign a letter of intent. Private equity firms review five areas: financial (quality of earnings), operations, tax, HR and benefits, and legal. Owners who gather clean records before the process starts shorten it and face fewer surprises.](https://capstreet.multisites.ai/guides/due-diligence-checklist-for-owners) ## Ready to get started? Let’s talk. Tell us about your company and what you want next. Conversations are private, and there is no obligation. [Start a conversation](https://capstreet.multisites.ai/contact) [(713) 332-2700](tel:+1-713-332-2700)[connect@capstreet.com](mailto:connect@capstreet.com) ![Capstreet team members at a Houston elementary school for Houston Reads Day](https://capstreet.multisites.ai/_astro/houston-reads-day.DxNd9bIr_tggWP.webp)